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Julius Corporation had the following income statement for 2018: Sales $80,000 Variable expenses 56,000 Contribution margin $24,000 Fixed expenses 16,000 Operating income $ 8,000 What
Julius Corporation had the following income statement for 2018:
| Sales | $80,000 |
| Variable expenses | 56,000 |
| Contribution margin | $24,000 |
| Fixed expenses | 16,000 |
| Operating income | $ 8,000 |
What is the degree of operating leverage for Julius Corporation for 2018?
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Accounting And Finance For Non-Specialists
Authors: Eddie McLaney, Peter Atrill
3rd Edition
9780273646327
